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BlackBull Markets Review | Security, Apps & Features | Invezz

BlackBull Markets is a brokerage firm that allows users access to over 80 trading instruments. A trader can access financial instruments like forex, index CFDs, commodities, precious metals, and energy through the broker’s platform. It offers options for trading in excess of 64 currency pairs, and leverage of up to 500:1 regardless of what type…

What can I do with BlackBull Markets?

BlackBull Markets is a brokerage firm that allows users access to over 80 trading instruments. A trader can access financial instruments like forex, index CFDs, commodities, precious metals, and energy through the broker’s platform. It offers options for trading in excess of 64 currency pairs, and leverage of up to 500:1 regardless of what type of account you sign up for.

The platform has partnered with leading liquidity providers so as to ensure that BlackBull clients have access to deep liquidity and that trades are secure. The ECN liquidity allows traders to directly connect with liquidity service providers without any internal desks, and this aggregation protocol allows fast execution of trades and access to lower spreads. 

In addition to this, BlackBull Markets also provides an education gallery that includes trading glossary terms, videos, and guides. The platform’s trading resources further include economic calendar and market reviews – but these are not updated on a daily basis.

Which assets can I trade?

These are the following assets that you can trade on BlackBull Markets:

  • Forex (64+ currency pairs)
  • Index CFDs
  • Commodities
  • Precious metals (Gold and Silver)
  • Energy

Payment Methods

BlackBull Markets allow the following payment methods on its platform:

  • Bank transfer
  • Credit card
  • Skrill
  • Neteller
  • China Union Pay
  • FasaPay

What devices can I use BlackBull Markets on?

BlackBull Markets does not have its proprietary software. Instead, it enables trading via the prominent MetaTrader 4 platform and through its web platform. You can access these trading platforms from the following devices:

  • Desktop or laptop (Web browser)
  • Software download on desktop or laptop
  • Android
  • iPhones

The software download version of MT4 platform supports a wide range of indicators. While these can also be accessed via smartphone applications, you’ll have access to a better experience and more information if using a laptop or desktop computer. 

How easy is it to use BlackBull Markets?

BlackBull Markets provides trading through the popular MT4 platform, commonly used for forex trading. It does not have its own interface or trading platform. Having said that, the MT4 platform is a user-friendly trading platform that offers a wide range of trading indicators and tools for analysis. You can customise the charts visible on the platform by adding your own indicators and add-ons, so as to create a tailored user experience for your needs. 

It is worth noting, however, that as there isn’t any proprietary software there are no additional analysis or extra add-on benefits while using the BlackBull Markets interface. In addition to this, the trading instruments offered by the platform are limited. That being said, BlackBull Markets does offer a wide range of options while trading in the forex market, and users benefit from the platform’s in-house trade aggregation network. 

To help make sure all users know their way around, BlackBull Markets allows the opening of a demo account. This is great for beginners, who can familiarise themselves with the markets as well as the BlackBull trading platform. 

Countries supported

While BlackBull Markets are a regulated entity and provide their services in multiple countries, some countries are exempted from using the broker’s platform. The list includes OFAC sanctioned countries, the USA, and Spain. Further, in New Zealand, the company only accepts clients that fall under the category ‘Wholesale Investor’ or ‘Eligible Investor’ definition. 

Regulation 

BlackBull Markets is registered in New Zealand with the Financial Services Provider Registry (FSPR). Additionally, the firm is also a member of the Financial Services Complaints Limited (FSCL) dispute resolution scheme, as is regulated under FMA and FSA. Their Financial Services Providers Register (FSPR) number is FSP403326.

In addition to being regulated by these bodies, BlackBull Markets holds clients’ funds in segregated bank accounts in ANZ Bank.

Account Verification

As a regulated services, BlackBull Markets maintains a strict Anti-Money Laundering (AML) / Counter Financing of Terrorism (CFT) policy. To open a trading account on BlackBull Markets, you are required to provide:

  • ID verification: To verify your identity, you are required to provide a valid passport, government ID like a driver’s license, or a national identity card.
  • Proof of residence: A utility or phone bill, or a bank statement containing your current address and the document must not be older than 90 days. 

Customer support

The BlackBull Markets has a number of support channels to access the company’s customer service. They offer email service and toll-free contact number (for NZ clients) to provide support via phone call. Additionally, they also have an option of live chat on their website. 

The company does not have any support form on their website, and it is also important to note that their customer service team is not accessible 24/7. For instance, the live chat option is available 24/5. 

The broker

First impressions

BlackBull Markets offers a simple and intuitive mostly-forex trading platform for beginners. It is easy to navigate between multiple options available on its website for details on trading instruments, guides, infrastructure, and technology. Although the website answers all the important questions that a trader might have, there is not a dedicated page for frequently asked questions. 

While the trading platform is not proprietary software, the USP of the BlackBull Markets’ platform is that it enables ECN-based accounts, a greater market depth, faster execution of trades, and access to its aggregation protocol. Furthermore, while it offers limited options for trading instruments, there are a number of options available for payment methods on BlackBull Markets. 

What currency pairs can be traded?

More than 64 currency pairs can be traded on BlackBull Markets. This includes:

  • AUD/CAD
  • AUD/CHF
  • AUD/JPY
  • AUD/NZD
  • CAD/CHF
  • CAD/JPY
  • CHF/JPY
  • EUR/AUD
  • EUR/CAD
  • EUR/CHF
  • EUR/GBP
  • EUR/JPY
  • EUR/NZD
  • EUR/SEK
  • GBP/AUD
  • GBP/CAD
  • GBP/CHF
  • GBP/JPY
  • GBP/NZD
  • NZD/CAD

Are there fees for trading?

Yes, but it depends on the type of account you have. While trading in the forex market, a trader pays a commission charge based on their account status; there are 3 types of ECN accounts with varying charges on commission. While the ECN standard account does not levy any commission charge, there is a $6 commission charge in ECN prime account. 

BlackBull Markets does offer competitive spreads starting from $0.8 in ECN standard account and $0.1 in ECN prime account. Additionally, users have the option of registering for Islamic accounts, which have no swap fees.

What is the minimum spread?

A minimum spread is the smallest difference between the buy and sell prices of any asset. On BlackBull Markets, the minimum spread changes depending upon the type of account you have. According to the platform’s website, the aggregation protocol that connects traders directly with liquidity providers allows traders to access very low spreads. The minimum spread for ECN prime account is 0.1 pips, and for ECN institutional accounts spreads start from 0.0 pips.

Can I trade assets with leverage?

Yes. Trading with BlackBull Markets facilitates traders with leverage up to 1:500 irrespective of the type of account you open. This means you can open a position worth $500 while only staking $1 of your own money. If the market moves in the right direction, this can maximise your profits, but it can also lead to large losses if the opposite happens.

Leveraged trading is highly risky in the forex market, and we recommend that only experienced traders use leverage when opening forex positions.

What are the margins required?

On BlackBull Markets, margin requirements differ with the type of asset, the level of leverage, trading pair, volume, and current trading value. For instance, a minimum balance of $1000 might be required to open a leveraged trade. The formula of margin requirement on BlackBull Markets indicates that the higher the leverage, the lower the margin required. A margin below 50% will automatically close all your open trades. 

Can I open long and short positions?

Yes. BlackBull Markets supports the opening of both long and short positions. A long position is when you bet that the price of an asset is going to go up. A short position is when you bet that the price of an asset is going to go down. In a short position, a trader sells the asset to buy it at a cheaper rate and thereby makes a profit if the price goes down. 

Are there withdrawal and deposit limits?

Yes. Once again, the minimum deposit requirements vary based on the type of ECN account you open, starting from $200 with the most basic account (ECN Standard), and rising to $20,000 with the most advanced (ECN Institutional).

Withdrawals are carried out through Neteller, UnionPay, Skrill and Bank Transfer. Apart from international bank transfers, most of these methods ensure that funds withdrawn are deposited within 24 hours, and the minimum withdrawal starts at $100. Also, there is a $5 withdrawal fee charged each time that you withdraw money from BlackBull Markets. 

Summary of BlackBull Markets forex trading

The BlackBull Markets platform offers a wide selection of trading pairs for users to choose from, and facilitates trading through the user-friendly MT4 trading platform. While the broker does charge a commission fee for some of its accounts, it also offers competitive spreads to users to enable affordable access to forex trading. Additionally, it enables faster trade execution and ECN-liquidity to provide institutional-grade services to its retail clients. 

Conclusion

BlackBull Markets has established itself as a trusted platform for providing trading in financial instruments since it was founded in 2014, most notably with its forex trading services. Traders can open three different levels of account, which all give access to ECN execution of trades. BlackBull Markets is fully regulated, and complies with Know Your Customer and anti money laundering legislation to ensure the security of the platform.

It also has multiple servers located in different countries to ensure that clients have instant access to the marketplace. While the number of trading instruments available on BlackBull Markets is relatively limited, the platform does offer a wide selection in the forex market, and there’s a reason it has built such a strong reputation in a short length of time.

How to set up an account


  1. Access the official website of BlackBull Markets and click on ‘Sign Up’ available on the upper-right side of the page. (Alternatively, you can also open a 30-day demo trading account to familiarise yourself with the platform).
  2. Insert basic details including your full name, email address, and contact number. 
  3. Choose from the three available account types on the BlackBull Markets platform.
  4. Confirm your account by verifying the link sent on your email. 
  5. Submit proof of ID and proof of address as well as other relevant documents.
  6. Your application will be reviewed by their team. 
  7. Once your application is verified, deposit the minimum amount based on the account you selected. 
  8. Start trading. 
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Daily Financial News

ECB Minutes show no indication of exit discussion – MUFG

Derek Halpenny, European Head of GMR at MUFG, suggests that the release of the minutes from the September ECB policy meeting were pretty clear with the focus still very much on ensuring continued monetary stimulus.

Key Quotes

“The minutes stated that “there should be no doubt” that the Governing Council is determined to execute asset purchases and also emphasised that it would adopt further measures as required to reach its price stability goal. The minutes also showed that the Governing Council felt it was “crucial” to maintain the high level of monetary accommodation.

Add to that, we had comments yesterday from key ECB Council members to emphasise the maintenance of the current stance. Executive Board member Praet stated that recovery would stall if stimulus was removed prematurely while Constancio was more direct stating that the report on the ECB nearing a taper consensus was simply not correct.

So the stance of the ECB is unlikely to change and we maintain that the ECB will extend QE in December at the current pace with alterations recommended by staff committees allowing for an extension. While that in itself might not drive the euro weaker, it certainly limits the upside as we move toward that key meeting in December.”

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Daily Financial News

Is Your Portfolio’s Performance Satisfactory? (WMT, VOO, BOND)

What’s your investment portfolio’s performance? Do you know? Just 57% of U.S. adults are “financially literate,” according to a study from Standard & Poor’s titled the “2015 Global Financial Literacy Survey.” Another study by a large insurance company found that people are more frightened by planning their finances than dying.  What’s wrong?

Part of the problem is structural: Fewer than half of all U.S. states require high school students to enroll in a personal finance course.

(Audio) Portfolio Report Card on a $4 Million Account for T.R.

The other problem is psychological: People are fearful when it comes to saving and investing money.

Once a person has overcome these obstacles and gotten started with their investment plan, how can they know if their investment portfolio is making progress?

The Case for Benchmarking
The concept of “benchmarking” boils down to measuring the performance of your investments against relevant yardsticks. “Relevant” is key, because measuring performance against irrelevant yardsticks will inevitably lead to irrelevant results.

For example, racing a collie against a field of greyhounds could lead observers to incorrectly assume collies are slow. On the other hand, racing each dog against its corresponding breed will result in a more accurate view of canine speed. If your collie is able to easily outrun a field of competing collies, you have a fast dog. And if he/she can’t outrun a pack of greyhounds, it’s mainly because he/she isn’t a greyhound.

Beyond choosing relevant yardsticks, the exercise of measuring investment performance should become a consistent routine for all investors. Why? Because failing to periodically measure your portfolio’s performance, either by choice or by ignorance, leads to a distorted view of satisfactory results. Moreover, just because you’re comfortable with portfolio’s results doesn’t necessarily make the results satisfactory.

Level 1 Analysis
Benchmarking your investment performance is a layered process. Layer 1 is what I refer to as the “big picture” because it examines your portfolio’s investment performance against relevant passive yardsticks using an asset weighted approach. Let’s look at an example:

Portfolio ABC
30% U.S. stocks
10% International developed stocks
40% U.S. bonds
10% Global real estate
10% Money market (cash)

Comparing the performance results of a portfolio with exposure to different asset classes (like our example of Portfolio ABC shown above) against the S&P 500 (NYSEARCA:VOO) is a common mistake. In this example, the vast majority of Portfolio ABC (70%) has non-U.S. equity exposure, which makes an all U.S. equity benchmark like the S&P 500 an irrelevant yardstick for all but Portfolio ABC’s 30% U.S. equity exposure (NYSEARCA:IWB).

Properly measured, the other assets like bonds (NYSEARCA:BOND) and real estate (NYSEARCA:ICF) should have their performance compared to relevant passive benchmarks over the exact same time frame. And together, the asset weighted returns for the passive benchmarks will explain whether portfolio’s performance has been satisfactory or unsatisfactory. Simply put, outperformance over identical time frames is good whereas underperformance isn’t.

Level 2 Analysis
Analyzing investment performance at level 2 is less “big picture” versus level 1. Why? Because level 2 analysis focuses on the performance examination of individual securities versus their respective peer group. Put another way, level 1 analysis is comparable to using a telescope whereas level 2 is comparable to using a microscope.

Below we use level 2 analysis by comparing the performance of Wal-Mart Stores (NYSE:WMT) against its peer industry group, consumer staples (NYSEARCA:XLP). Over the past 10-years, Wal-Mart has gained almost +103% against a +173.10% gain for the Consumer Staples Sector SPDR ETF. In other words, Wal-Mart has badly underperformed its peer group by a whopping +70% over the past 10-years!

WMT vs XLP

Had we failed to use level 2 analysis on Wal-Mart by simply accepting the fact that its stock has gained +102.97%, we could’ve been easily misled to conclude that Wal-Mart’s 10-year equity performance  has been wine and roses. However, our level 2 analysis explicitly shows that Wal-Mart’s 10-year performance record has been substandard compared to its peers.

Because virtually all individual stocks will have a corresponding peer sector group, comparing the performance of a company’s equity performance isn’t just easier, but mandatory for all serious and truthful stockholders.

Summary
The proper way to determine satisfactory investment performance is to use relevant benchmarks over identical time frames. Level 1 analysis examines the portfolio’s asset weighted performance against passive yardsticks, whereas level 2 analysis focuses on the performance of individual securities.

Level 2 analysis can also be applied to mutual fund holdings, however, the fund’s underlying asset exposures vs. its peer group classification are far more important for correct analysis. This is a similar approach I use with the Portfolio Report Card grading system that I invented.

It’s crucial to remember that investment performance is directly impacted by your portfolio’s cost, risk, diversification, and taxes.  And while performance measurement is an ultra important step,  focusing exclusively on historical performance results and nothing else will tell you most of the story, but not all of it.

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EasyMarkets Demo Account Review for Practicing Trading

easymarkets demo account review
    • A 10+ Year Veteran of the Forex Market with a Strong Presence in Europe and Asia
    • One of the Few Brokers to Provide Guaranteed Stop Losses and Negative Balance Protection
    • Deep Product Coverage with CFDs on 95 Forex Pairs and Vanilla Forex Options on 23 pairs
    • Use Exclusive Tool Trade Controller More Effectively, Set Stop Loss and Profit Points For Your Trades
    • Personal Assistance with Trade Strategy and Order Execution from Dealing Room
  • stablished –2003
  • Domicile –Marshall Islands
  • Regulation –
  • Cyprus – CySEC (License Number 079/07), Australia – ASIC (AFSL 246566)
  • Restricted Jurisdictions –United States
  • Ownership –Privately Held
  • Segregated –Yes
  • Broker Type-Market Maker
  • Web Security –Verisign
  • Negative Balance Protection Policy –Yes

The EasyMarkets demo account review platform with a Demo account and experience simulated trading under live market conditions.

  1. No obligations,
  2. no cost
  3. no risk.

Feel the thrill ofEasymarkets Demo Account Review

 

trading the world’s markets, discover our trading platform and see for yourself just how easy we are.

this is the way to improve your techniques and professional traders to hone their skills. Try their trading simulator now for eight days. If you like them you can always open a live account, you’ll also get your lifetime demo account to practice trading strategies before you open live deals

EasyMarkets Demo Account Review Trading Features

EasyMarkets guarantees trade execution at pre-set stop-loss and profit points.  EasyMarkets is able to offer this because of its time tested risk management systems and procedures.  Brokers who do not provide these protections may execute an order at a very different level than your stop levels (also known as slippage), causing you to have much greater losses than anticipated.  Please note that this guarantee is only available for trades placed via EasyMarkets ’s web trading and mobile platform.

EasyMarkets is one of the few brokers with a negative balance protection policy.  Traders can incur a negative balance if the market gaps quickly and the broker is forced to close out open trades at a loss exceeding the account’s equity.  While some brokers begrudgingly forgave negative balances after the CHF crisis on a one-off basis, EasyMarkets is one of the few brokers offer this protection at all times and include it in its terms of service.

This Broker has more in-depth coverage of the markets than most forex brokers.   It offers CFDs on 95 currency pairs, 16 commodities, and 15 indices.  However, its coverage isn’t as broad as other brokers, some of which also offer CFDs on individual shares, bonds and ETFs.

EasyMarkets is one of the few forex brokers to offer vanilla forex options on the same platform.  This means you don’t have to switch to a different platform or broker when you want to options.  You can also use the same pool of funds for your option trades.

This means you don’t have to deal with  the hassle of transferring funds around and avoid withdrawal and deposit fees from other brokers.  EasyMarkets allows you to trade options on 23 currency pairs.  While there are no margin requirements for options, however, you will not be able to sell options unless you have an existing position in the underlying.

EasyMarkets offers up to 200:1 leverage on most currency pairs.  Automated trading available with Expert Advisors via Metatrader 4.

Market Analysis and Education

EasyMarkets provides a number of exclusive tools to help you optimize your trading.  The Inside Viewer allows you to see which are the most popularity traded currency pairs, the percentage of bullish / bearish traders, and the average stop losses and profit points on Easy-Forex.EasyMarkets demo account review

 

Trade Controller is a great tool which aids you in setting and modifying stop loss and profit points for your trades.  Its intuitive visual display allows to see profit / loss levels as both dollar amounts and exchange rates.

EasyMarkets demo account review

You are also given access to Reuters news feeds, exclusive fundamental analysis from EasyMarkets ’s research team, and technical analysis from leading independent research firm, Trading Central.  You can set SMS alerts for fills on limit orders, trade closings, and exchange rate levels.

this Broker has a nice archive of educational articles, videos, and eBooks.  They also have a well maintained YouTube channel where they provide videos on timely topics in the forex markets.  EasyMarkets also hosts the occasional webinar and in person seminar.

easymarkets demo account review Trading Features

  • CFD’s –Forex, Indices, commodities
  • Currency Pairs –95
  • Leverage –up to 200:1
  • Cryptocurrencies –No
  • Options –Forex Options
  • Trading Signals –Yes, Trading Central
  • Automated Trading –Yes
  • Social Trading –No
  • Phone Trading –No

easymarkets demo account review –  Trading Platforms

EasyMarkets demo account review Platforms 

  • Metatrader 4 (PC), Metatrader Multi-terminal (PC), EasyMarkets Web Trader (Browser), Metatrader 4 Mobile (iPhone, Android), EasyMarkets Mobile (iPhone, Blackberry)
  • Metatrader –Yes
  • Mac Software –No
  • Mobile Trading –Yes

easymarkets demo account review –  Customer Service

  • Online Support –Live chat and email
  • Phone Support –Yes
  • Multi-Lingual Support –Yes
  • Personal Account Manager –Dealing Desk Access for VIP accounts (USD 20,000 minimum deposit)

easymarkets demo account review –  Account Options

  • Minimum Initial Deposit –$25
  • Base Currencies –EUR, GBP, USD, CNY, AUD, PLN, ILS, ZAR, NOK, JPY
  • Minimum Lot Size –5,000
  • Account Types –Standard, Premium, VIP
  • Payment Options –Visa, Mastercard, Skrill, Bank Transfers

Safety and Security

asy-Forex is a respected veteran of the forex industry with 10+ years operating history. Its parent company is a privately held company domiciled in the Marshall Islands. EasyMarkets has offices in major financial centers around the world including London, Shanghai, Limassol, Warsaw and Sydney.

EasyMarkets is currently regulated by CySEC in Cyprus and by ASIC in Australia. They previously held coveted US licenses but decided to withdraw in 2010 after regulatory capital requirements were increased twenty fold during the recent financial crisis.

Over its more than a decade long operating history, EasyMarkets has been subject to a few small regulatory fines from CySEC relating to its advertising practices in 2010 and compliances lapses in 2009. There is an Israeli class action lawsuit alleging that Easy Forex provided investment advice without proper licenses.  There was a similar suit in 2010 that was subsequently settled out of court.  Overall, there hasn’t been regulatory action in recent years and the issues above didn’t endanger client funds or integrity of EasyMarkets ’s trading system.

Customer funds are held in segregated accounts in a number of reputable European banks and ANZ bank.  Online payments are secured by Verisign and EasyMarkets is subject to yearly audits by PriceWaterhouseCoopers.

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Trading Forex, Stocks and CFDs carries risk and could result in the loss of your deposit, please trade wisely.

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